Time to buyThe summer doldrums are here for drillers. TCW has sold off hard and it's hit the bottom. If you like the prospects for the eventual recovery in the service sector, TCW is one name to buy, given its rock-solid balance sheet. Buy aggressively at these prices.
Earnings estimates have all been up in the last 30 days, although losses are still predicted. Just smaller losses.
Current ratio as at March 31 2.08, debt/equity .10, cash flow (TTM) C$.37/share. They've been actively retiring shares under the NCIB, as well